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Anittel secures $3 million from Commonwealth Bank

Anittel secures $3 million from Commonwealth Bank

It will provide additional financial capacity for Anittel's managed voice service deployment for the Tasmanian Government

ASX-listed services provider, Anittel (ASX:AYG) has secured a $3 million equipment financing facility from the Commonwealth Bank (CBA).

It will provide additional financial capacity for Anittel's managed voice service deployment for the Tasmanian Government.

Anittel landed the five-year contract in August using Cisco’s Hosted Collaboration Service.

The contract has a minimum value of $7 million, and involves three, three-year extension options, seeing the value reach $17 million during the initial term. If the full contract extension options are awarded, the value could reach $45 million.

Anittel’s deployment process includes its own engineering and project management resources with local IT trainees who carry out the on-ground services.

“This project is adding jobs directly to the local Tasmanian economy. The Anittel deployment team have been thanked for their professionalism in meeting deployment schedules from government agencies and this will continue as we plan to deploy the remaining services,” Anittel managing director and chairman, Peter Kazacos, said.

The service provider has so far deployed 2000 devices to a variety of government agencies and it is expecting to double this at the end of the year.

“We are appreciative of the continuing support from CBA and excited to achieve this deployment milestone. The hard work and dedication of the combined Anittel, Cisco and TMD teams is paying dividends,” he said.


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Tags ciscofinancingCBAAnittelPeter KazacosTasmanian government

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